Abu Dhabi Islamic Bank Announced the Release of ABID PAY  

Abu Dhabi Islamic Bank Announced the Release of ABID PAY  
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In collaboration with token enablement service provider Tappy Technologies and the industry leader in digital payments, Visa, the Abu Dhabi Islamic Bank (ADIB), a leading financial institution in Abu Dhabi, has announced the launch of the first tokenized, contactless payment method in the area through the options of clasp and ring ‘ADIB PAY’. 

Now, ADIB Visa cardholders can make contactless payments using their preferred watch, ring, or bracelet without having to carry a real plastic card. The new tokenized contactless payment clasp from ADIB can be linked to a variety of wrist wearables, turning them right away into smart payment devices like rings and watches. A limited number of consumers will initially have access to ADIB PAY. 

“ADIB continues to roll out innovative digital payment services as we further develop our digital capabilities. We are proud to launch the region’s first tokenised, contactless payment clasp with our partners Tappy Technologies and Visa. ADIB PAY demonstrates our commitment to offering simplicity and convenience to our customers. This is a significant milestone for the bank, and we won’t stop there. Customers can expect more solutions that will help them bank with ease and simplicity”, said Samih Awadhalla, Acting Global Head of Retail Banking at Abu Dhabi Islamic Bank.  

The ADIB PAY setup procedure is easy and fast. The accompanying ADIB PAY application, which is powered by Tappy’s Token Enablement Services (TES) service, first tokenizes the customer’s ADIB Visa card. Second, the digital card is automatically provisioned to the chip inside the payment clasp using the companion Universal Passive Provisioning Unit (UPPU), which links to ADIB PAY via Bluetooth. After setup is finished, the user can access their ADIB PAY transaction history in the application right away and make quick and simple payments with the tap of their wristwatch. 

Tokenization is a data security technique that replaces genuine, sensitive card information with non-sensitive data pieces that cannot be exploited even if the ADIB Pay wearable is lost. This procedure supports ADIB’s ongoing efforts to offer secure and convenient payment solutions to its consumers. 

Wayne Leung, CEO of Tappy Technologies, said, “We are proud to partner with ADIB to redefine the consumer wearable payment experience that is convenient, effortless, and hyper secured adhering to the highest contactless standards in the world. As a certified technology partner of Visa, Tappy extends the power of network token service to safeguard customer-sensitive payment credentials on wearable devices. With the Tappy developed UPPU technology, consumers can digitize their payment cards within seconds and transform their traditional timepiece into a contactless payment accessory without ever needing to recharge it.” 

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